NIOBF - NIOBF STOCK NEWS

NioCorp Developments Ltd. (NIOBF) announced that several directors and officers exercised share purchase options at a price of C$0.62. The transactions occurred on March 10, 2021, through a net settlement method, ensuring no shares were sold into the market. Key figures include CEO Mark A. Smith acquiring 352,564 net shares, increasing his total holdings to 19,352,564. Other executives also participated, with collective exercises not impacting market availability. These actions reflect a commitment by management to the company's future.

NioCorp Developments Ltd. has initiated a review to assess the economic potential of expanding its product range at the Elk Creek Superalloy Materials Project to include rare earths. Currently focused on niobium, scandium, and titanium, the company is responding to global demand for alternative rare earth sources. The review follows an extensive analysis of 20,364 assay results, showing that 661 samples yielded over 1% Total Rare Earth Oxide. As NioCorp evaluates the extraction of rare earths alongside its current operations, additional testing will be necessary to develop commercially viable products.

NioCorp Developments Ltd. (NIOBF) announced that CEO Mark A. Smith will appear on Fox Business Network at 3 p.m. Eastern on February 24, 2021, to discuss the Biden Administration's critical minerals initiative. The company aims to produce essential minerals such as Niobium, Scandium, and Titanium at its Elk Creek Superalloy Materials Project, which is crucial for the U.S. as it relies entirely on foreign sources for these minerals. NioCorp is seeking funding necessary for production and emphasizes the importance of these materials in various industries.

NioCorp Developments Ltd. has signed a contract with Cementation USA to advance engineering for the Elk Creek Superalloy Materials Project. Cementation will evaluate the underground mine's design and provide a detailed cost estimate to achieve 'Issued for Construction' status. NioCorp anticipates engaging Cementation for further engineering when additional project financing is secured. The project aims to produce Niobium, Scandium, and Titanium, essential for various industrial applications, including aerospace and automotive.

NioCorp Developments Ltd. (TSX:NB, OTCQX:NIOBF) has exercised an option-to-purchase agreement for a significant land parcel integral to its Elk Creek Superalloy Materials Project in southeast Nebraska. The acquisition will grant NioCorp ownership of the surface land and mineral rights to over 90% of the Project's mineral resources and reserves. This step is crucial as it facilitates the next phase of project financing and operational setup once sufficient funds are secured.

NioCorp Developments Ltd. announced the successful closure of its US$10 million funding deal with Lind Global Asset Management III, LLC. The Company received net proceeds of US$9.65 million to enhance its project objectives. NioCorp is focused on developing a superalloy materials project in Southeast Nebraska, aimed at producing Niobium, Scandium, and Titanium, essential for various industry applications, including automotive and aerospace. The funding will facilitate purchasing land and mineral rights for over 90% of the project’s resources.

NioCorp Developments Ltd. (NIOBF) announced a US$10 million funding agreement with Lind Global Asset Management. The funds are aimed at advancing the Elk Creek Superalloy Materials Project, allowing NioCorp to acquire land and mineral rights to over 90% of its resources. The funding will be through a convertible security with a face value of US$11.7 million and a net proceeds of US$9.65 million. It has a 24-month maturity and includes a warrant for purchasing 8,588,000 shares at C$0.97 per share.

NioCorp Developments Ltd. (NIOBF) has welcomed a recent Executive Order from President Trump aimed at enhancing the U.S. critical minerals supply chain. Signed on September 30, 2020, the Order emphasizes reducing reliance on foreign minerals and promotes domestic mining initiatives. NioCorp's Elk Creek Superalloy Materials Project in Nebraska aims to produce vital minerals including niobium, scandium, and titanium. The new policies may lead to government funding for critical mineral projects, which could significantly impact U.S. economic growth and national defense.

NioCorp Developments Ltd. (NIOBF) has unveiled a potential alternative process for extracting niobium from its Elk Creek Superalloy Materials Project. This method, developed in collaboration with L3 Process Development, utilizes carbonation and could lower capital and operating costs if proven feasible at scale. Initial metallurgical tests suggest that carbonation can extract 11-26% niobium from ore, with multiple passes likely enhancing recovery. The company plans to conduct additional testing to optimize this process.